Ngo Your Potential �‪�‬ David & Phil Ngo

Our hosts David and Phil Ngo take Episode 20 to give you the tips and tricks you need to be prepared for traveling in a post-COVID climate. Long lines, delays and even packing tips to help you maximize the chances of having a successful, stressless trip. It’s a different world out there and we’ve done enough flying to help you get there too!



Quick notes from our tips & tricks: https://hackmd.io/@philknows/SkMRx5p2q



What is going on with people’s summer vacation plans? (1:12).

David explains how we break down this episode (4:40).

Stuff to do before you travel! (5:55)

Be organized! (6:55)

Use Google Maps offline feature! (7:42)

Making lists with Google Maps! (8:25)

Make reservations. Especially in Europe! (9:17)

Be proactive with packing. Never put pills or other important things  in your checked luggage (10:28).

Other things to have with you onboard (11:30).

Avoid checking luggage if you can right now, which means get on board with carry on early for overhead space (12:22).

Scheduling your pickup. (15:00)

Always check in beforehand. The goal is to not have to see an agent for anything (15:30).

How do I know if my bag is overweight (17:20)?

Ways to ensure people know how to tie your luggage to you. Legacy and technological solutions (18:30)!

Exchange rates (22:03).

Going to the airport tips (23:20)!

They usually don’t let you check bags until 3 hours earlier (26:12).

Going through security tips (27:05).

Get a NEXUS card if you can (28:53).

Long lines does not necessarily mean that it’s the right line to be in (29:53).

Keep your devices charged (31:22)!

Water bottles give you on-demand hydration! Don’t depend on the flight attendants to water you (31:35).

Acclimate to the new time zone before you get there (32:44)!

Get to customs first (34:44).

Please don’t block the luggage belt (36:19).

What does David do when he gets to his destination (37:42)?

Use the public transit feature on Google Maps to figure out how to get to where you gotta go (39:30).

If you need to use your home telecom provider abroad, have one phone roam and share the hotspot (40:08).

Be mindful of public wifi (40:58).

Be vigilant with your stuff depending on where you are (41:15).

Go shopping! Keep your receipts and get your tax exemption (42:15)!

Canadians have duty free exemptions (42:30).

Don’t lie to customs officers about what you’re bringing in to Canada (42:54).

Tips when you’re coming back home (44:30).

Shopping in Europe. Keep your passport on you (46:00).

The duty-free tax exemption has caveats (47:03).

What to do if you lose your luggage (48:15)?

What to do if you’re delayed (49:50)?

Phil shares his recent cancellation experience and explains the Canadian Air Passenger Protection Regulations (51:32).

Traveling is a gamble we’re all needing to take right now. Being nice to employees at the airport goes a long way (53:00).

Our hosts David and Phil Ngo take Episode 19 to inform you about the macroeconomic picture relating to inflation, interest rate hikes leading to recession and possibly depression? This winter will be cold and winter has already arrived. Ethereum Merge updates also provided near the end for our crypto listeners. Learn how to make good, but hard decisions as leaders and survive this bear market. It's not all gloom and doom.



David has a message for his scammers cloning his Instagram accounts (2:07).

David gives us some tips on how to avoid being scammed (3:09).

Question everything and be skeptical. Especially when it comes to crypto and decentralized finance (7:40).

Crypto is still very much a "risk-on asset." Similar to other tech companies. They're all feeling the pinch. (9:43).

Interest rates near 0% means people were very risk-adverse (10:43).

Money is not free. Money printing doesn't make people richer (13:51).

People are feeling the pinch. David puts into perspective what interest rates going up means for you, especially as a homeowner (15:03).

1 in 4 homeowners may be forced to sell if interest rates keep going up (17:43).

When does the Federal Reserve or the Bank of Canada feel that they have raised high enough with hurting the economy the least (20:22)?

Looking at the downturn as an opportunity. Phil takes a glass half full perspective with many great opportunities to invest (25:39).

David explains an investing strategy called dollar cost averaging (26:43).

Canada's Finance Minister tries to fight inflation by spending more money... (28:09).

A note from us to business owners and entrepreneurs who have to make tough decisions due to market contraction (31:37).

Bringing valuations back to reality (34:35).

When you invest, you should do your own research. Know how they make their money! When Coinbase's revenue dries up, you must lay off workers.. 18% to be exact (37:35).

Not your keys, not your coins. The only crypto that is safe, is the crypto in your wallet where you control the keys (38:45).

Ethereum merge updates with Phil. TL;DR: It's coming (41:45)!

Our hosts David and Phil Ngo take Episode 18 to help some newcomers to Bitcoin. This episode is to help give newcomers some basic practical concepts to Bitcoin so they can participate in purchasing and securely storing it.

Bitcoin hit its new all time high surpassing $66k (0:59)!

Information about this episode and why it's catered towards newcomers. Feel free to skip if irrelevant to you (1:49).

What is Bitcoin (3:41)?

Can Bitcoin be hacked (5:17)?

Correction Disclaimer: Phil meant to say that there are MORE private key combinations than grains of sand on the Earth, making it mathematically inefficient to crack Bitcoin's cryptographic algorithm (6:31). 

Phil explains that Bitcoin itself has had issues in the past, but critical bugs have always been resolved and stands the test of time as being very secure (8:36).

Is it mainstream yet? Who is buying it (9:30)?

Phil thinks a lot of institutional money is flowing in now. The ProShares Bitcoin Futures ETF just launched (12:15).

It's important to understand WHAT you're buying and WHERE + HOW you're buying it (13:25).

We are implementing old traditional finance instruments and its problems into new tech which is supposed to get rid of those problems (15:05).

How do I buy/sell Bitcoin (17:00)?

Where you buy Bitcoin from is important. Are you actually buying it from a place that allows you to withdraw the actual asset and not a derivative of it (17:41)?

Cryptocurrency focused exchanges like Kraken (19:23).

Be very careful about leaving cryptocurrency on an exchange or with some other third-party (20:15).

"Not your keys, not your coins." If you don't own the keys to where your coins are located, it's not yours (21:17).

Shakepay allows you to buy Bitcoin and withdraw the asset to your own digital wallet (22:36)

How do I store/keep my crypto safe (23:27)? 

Phil explains briefly about hardware wallets like Ledger and Trezor (24:03).

Phil explains digital wallets on phone apps like Exodus (25:20).

Why your 12 word recovery phrase is SUPER IMPORTANT.  (25:40).

NOBODY will ask you for your recovery phrase. Never give this out to anyone. Be very careful about phishing attempts. Whether that is a fake clone of an app or "customer support" looking to help you return your crypto (28:07). 

When should I buy/sell crypto (29:30)?

Phil talks about the 200 week moving average metric (33:15).

We all love data (35:00).

We compare $20,000 BTC as the high of 2017 and compare it to $66,000 four years later (35:20).

Phil gets theoretical again and asks what gives a money its value (38:38).

David spoke to some younger financial advisors who are now learning about crypto (40:45).



Shownotes:

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Our hosts David and Phil Ngo take Episode 17 to go back to updating our audience on crypto! 

Prices going back up! Thanks George Soros. (0:53).

China bans crypto... again. It is much more severe this time around though (3:51).

Opportunities for China have now moved elsewhere, like miners (6:15).

Blockchain can be used for good, but also for bad. It's the best surveillance & control tool on one end, but the most public transparent ledger for accountability (7:31).

People will always get what they want. Laws are only a barrier, but people are good at finding their way around things (9:40).

Government regulation is coming. An opportunity for the US to get it right. The SEC Chairman Gary Gensler is not planning to ban crypto (10:54).

Senator Elizabeth Warren has always been ignorant from the start about crypto (13:13).

Are regulations made to economically discriminate against poorer people or does it actually protect them? (15:58).

Accredited investor requirements in Canada and investing in startups (18:25).

Crypto has created millionaires and is arguably, the best wealth redistributor in modern history because anyone with the educational foresight had the opportunity participate freely, rather than being discriminated against based on their socioeconomic status (21:03).

Working for labour vs working for capital (23:43).

What is the Ethereum Merge? (27:05).

What the the Merge do to the economics of Ether supply? (30:04)

The Twitch Hack (34:32).



Shownotes:

Bankless Podcast 57 Ultra Sound Money | Justin Drake:
https://www.youtube.com/watch?v=bWqhn1hXvVc
https://open.spotify.com/episode/4uDTV0m5w5D7rKyO3kNIDC?si=98973b30e0944dc6


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Our hosts David and Phil Ngo take Episode 16 to "Phil" you in on our summer hiatus, 

David tells us about his summer adventure out in Western Canada (1:34).

David tells us about the road trip which involved trading off beautiful scenery with puking (3:16).

Phil tries to sell everyone on visiting Western Canada (5:03).

Phil took a break from entrepreneurship to go back to being an employee (5:40).

David and Phil discuss the remote working life and why companies need to adapt to fit this (8:39).

They speak to how these companies benefit the world economy by providing opportunities to people around the world who may not have a stable financial system to work with (10:25).

David discusses what it's like to network in a post-covid era (13:06). 

A lot of people reached out to David asking how to invest in an era of near 0% interest rates (13:50).

Real estate comes to mind (15:45).

Phil re-iterates how money works and why real estate prices keep going up (18:13).

The big issue is also wage stagnation, COVID, and supply chain issues stemming from the pandemic (20:17).

Everything is going up in price.. or is your dollar just getting weaker because of inflation (22:50)?

Helicopter Money (24:46).

The market is not pricing labour properly (27:30).

David explains how his broken dishwasher is a sign of supply/demand imbalances (28:26).

Phil ensures people appreciate and recognize the luxurious and privileges we have to be living in a stable western world (30:05). 

It all comes back to how much you value your time (31:16).

Every generation has their own problems and priorities (33:04).

Teaching privilege to your children (33:58)!

I hope our kids can figure how to help society, help the world because they grew up with less struggles (36:28).

Our plans for this upcoming season of the podcast (39:22)!



Shownotes:

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Our hosts David and Phil Ngo take Episode 15 to interview Jonathan Epstein, founder of the Let's Fucking Go mentality. 

Jonny explains why destructive habits like creating excuses for yourself or taking shortcuts in life create a life of unhappiness (2:15). 

Happiness really begins with taking care of yourself (4:13). 

Jonny explains how he realized from a business conference that he was poisoning his body with alcohol and bad food. He required a detox and a change in his lifestyle habits to start caring for himself and his health. “I’m doing this for myself, I need to fix myself.” (5:00). 

He started to realize the positive change his habits had on his health before it became a larger issue. Jonny explains how setting timelines and goals for yourself is how you achieve it (9:40). 

"You have to be your own cheerleader." If you don’t appreciate yourself, you’re depending on other people giving you attention for what you’re doing and that will eventually fade (13:00).

Jonny then explains how the pandemic had originally concerned him and his ability to stay focused while maintain his achievements (13:42).

Despite the pandemic, he focused on how to keep this routine going (15:55).

Jonny explains what is missing as part of the process was consistently having goals. It is just as important to level up your life, not just staying complacent once you achieve previous milestones (17:55).

Jonny explains how to compete against yourself. His running journey began and helped develop this LFG Mentality we know today (19:20).

Jonny realizes evolution in how he views and deals with problems. He learned to incorporate tools to deal with emotions and pressures of his personal life (21:03).

Jonny learned what it’s like to learn how to be upset without having it affect other parts of his life. Keep moving forward. Progress over perfection (24:00).

Jonny shares the story of how David got involved with running and achieving the LFG mentality by understanding that glass ceilings he set for himself was the problem. Your mind is what’s stopping you (27:05).

Eventually, it got to a point where Jonny was excited to see other people achieving their goals (32:50).

Jonny explains how the extended lockdowns created an opportunity to help others get through their own pandemic ruts (33:21).

How did the running group got start? It lead to a group of people becoming inspired to achieve goals and competing against yourself (36:25).

The LFG mentality and how it came to be today (40:06).

David was originally hesitant about joining the group. All it took was understanding (40:46). 

How the structure of LFG got to what it is today. Now we’re on to Challenge 5 which brings the community to the next level (42:22).

Jonny explains the community guidelines. Why it’s important to define your own goals and put yourself out of your comfort zone (43:02).

"It’s better to try and fail than to never try at all." The lack of accomplishment is what puts people in the rut. You need to get yourself out of it. It’s up to you to figure out how to get back up (44:42).

We are creating a community of like-minded people (47:09).

Jonny shares some success stories of the LFG challenge (49:59).

Inspire and motivate others. Ignore the haters (54:58).

What is the new Goalify app used for this challenge going forward (56:17)?

How do we get involved (1:04:15)?



Shownotes:

Let's F*cking Go Mentality: https://www.instagram.com/thelfgmentality/ 

Jonathan Epstein: https://www.instagram.com/jonnyeps/

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